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Record-Setting Ocean Warmth Continued in 2019 (Advances in Atmospheric Sciences, 6 page read) Measuring ocean heat content (OHC), driven by trapped greenhouses gasses, is one of the best ways to capture the rate of global warming. Latest data shows 2019 was the highest ever recorded in history.
Why the Climate Movement’s Next Big Target Is Wall Street (Gizmodo, 5 mins read) A new campaign to stop financing of fossil fuels (Stop the Money Pipeline) was unveiled last week targeting some of the largest financers of fossil fuels – JPMorgan, Liberty Mutual and BlackRock. [Bearish financials]
Climate Risk and Response: Physical Hazards And Socioeconomic Impacts. (McKinsey 15 min read). The poorest countries could be more exposed, with greater reliance on outdoor work and natural capital, and less financial means to adapt. Policy makers and business leaders need to put in place the right tools, analytics, processes, and governance to properly assess climate risk. [Bearish frontier EM]